Most Asian markets rose Monday after data showing fewer US jobs were created last month rekindled optimism interest rates will be cut this year, while mainland Chinese equities bounced on hopes for fresh government economic support.
Mainland Chinese markets rose as they returned from a break, helped by hopes for government support for the property sector and economy.
"The softer wage growth and a slight increase in unemployment may ease some of the Federal Reserve's concerns about implementing rate cuts this summer," said Stephen Innes at SPI Asset Management.The advances on Wall Street on Friday -- and another record for London -- gave Asian investors a healthy lead, and most picked up the baton.
The tools outlined encompassed interest rates and the amount of cash banks must keep in reserve, Bloomberg News reported. "More material support via larger-than-expected fiscal spending and additional help for the property market would go a long way to materially improve sentiment in China."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian man shoots at four Asian women, killing one in DurbanThe Citizen understands there may have been illegal activities happening in the house before the shooting.
Read more »
Asian markets track Wall St higher as rate hopes rise, eyes on US jobsHong Kong led another rally across Asian markets Friday thanks to a surge in tech giants, while the yen extended gains against the dollar on revived hopes for US interest rate cuts.
Read more »
Asian markets build on Wall St rally, yen holds bounceAsian markets extended a rally Tuesday following advances on Wall Street, while the yen held gains after the previous day's sharp swings and focus turned to the Federal Reserve's upcoming policy decision.
Read more »
Asian markets mixed as global rally stalls, eyes on yenAsian equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far. Tech titans Microsoft and Alphabet are due to report later in the day.
Read more »
Monday's weather: Several warnings for damaging winds, waves and fires in multiple regionsMonday's weather: Several warnings for damaging winds, waves and fires in multiple regions
Read more »
Asian markets track Wall St down ahead of Fed decisionAsian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after fresh US data dealt another blow to hopes the Federal Reserve will cut interest rates this year.
Read more »